(January 24 – 11:40 ET) – Montreal Exchange Inc. is ready for the launch of single stock futures, also known as share futures. Trading will begin January 31, on Nortel Networks Corp., subject to regulatory approval.

The new contract, which will carry the symbol “FNT”, will be traded on SAM, the Exchange’s new electronic trading platform. With the launch of this new product, the ME provides investors with a broadened range of derivative products.

“We are very pleased to be the first in North America to offer single stock futures. This highly effective low-cost hedging instrument represents interesting opportunities for investors. We are confident that this new product will help investors meet their financial objectives. Going forward, Montreal Exchange Inc. plans to introduce other contracts on both Canadian and American senior equities,” said Luc Bertrand, president and CEO.
-IE Staff